Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
market news
Gold holds 3350, but still tends to make an upward force to break through 3436
Wonderful Introduction:
I missed more in life than I have not missed, and everyone has missed countless times. So we don’t have to apologize for our misses, we should be happy for our own possession. Missing beauty, you have health: Missing health, you have wisdom; missing wisdom, you have kindness; missing kindness, you have wealth; missing wealth, you have xmmarkets.cnfort; missing xmmarkets.cnfort, you have freedom; missing freedom, you have personality...
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: Gold holds 3350, but still tends to make an upward effort to break through 3436". Hope it will be helpful to you! The original content is as follows:
Zheng's silver point: Gold holds 3350, and still tends to make an upward force to break through 3436
Review yesterday's market trend and technical points:
First, in terms of gold: Yesterday's band was relatively smooth again, and the 3327 band was directly given in the morning, and the European session fell back to 3355 and continued to be bullish in the band, reaching a part of 3420; the US session also prompted that the short-term bullish above 3386 continued to be bullish, and eventually it was a successful second pull-up;
Second, in terms of silver: Waiting for the top and bottom position of 32.7 yesterday, but no chance was given;
Interpretation of today's market analysis:
First, gold daily level: Closed at 100 US dollars the day before yesterday, and closed again yesterday The rise of $100 is very positive. According to the technical terms, we still have to try to see a continuous increase in the Asian session today. Fortunately, it dived directly at the opening, so we did not rush to take action, avoiding a wave of sweeping. The rapid decline is generally poor in continuity, and it has also been avoided by some news. Today, it will still tend to close a long lower shadow K, and then it will continue to close to the positive tomorrow, and will continue to refer to the trend around the Qingming Festival; the current resistance at the upper counter-pressure point is at the 3455 line;
Second, gold 4-hour level: Yesterday's research report mentioned that the 786 segment resistance 3436 line may become the key pressure in the day. Sure enough, after touching it, a wave of retracement occurred, currently hovering at the 618 segment position 3386 to xmmarkets.cnpete, and the 50 segment support 3350 will be the key node support tonight.As long as it holds, it should eventually hit the bottom and continue to rise; or stand firm in advance to the 3386 segmentation position and move higher;
Third, golden hourly line level: After a wave of more than 70 US dollars in the morning, there was a double bottom support at 3360, which is also the lower track position of the yellow channel above. Therefore, in the short term, you can try to stabilize when the price is low. It is indeed a wave of rise in the afternoon, but it is not possible to strengthen before breaking through the middle track again. Currently, it is consolidating sideways around the 3400-3360 range, and the fluctuations that generally occur after a strong one-sided pull-up are mostly for To repair divergence indicators or consume macd downward momentum, once the task is xmmarkets.cnpleted, it will brew upward momentum, which is often called time and space; therefore, tonight, either break through the 3400 mark, stand on the middle track and then fall back to confirm that it follows bullishness; or use 3370-3360 as the support for the sideways lower track, stabilize and bullish when it is low; as long as it can return to above 3400, there is still a chance to test 3436, and even hit a new high to 3450;
Silver: From the above chart, the lower track of the channel supports 32.5, top and bottom support 32.7. Tonight, pay attention to the 32.5-32.7 stabilization and bullishness, and the upper track resistance is 33.4 line; due to the fluctuation and decline of the Asian and European sessions, the US session may bottom and pull up;
In terms of crude oil: short-term resistance, daily 10 moving average and middle track, the pressure is seen in the range of about 60-60.8, and the lower channel 56 line is supported, and the lower channel is still mainly oscillating in the short term; the overall trend is still weak, and rebound is mainly suppressed;
The above are several views of the author's technical analysis. As a reference, it is also a summary of the technical experience accumulated by more than 12 hours a day for more than 12 hours a day. Technical points are disclosed every day, and the interpretation of text and videos. Friends who want to learn can xmmarkets.cnbine the actual trend. For xmmarkets.cnparison and reference; those who recognize ideas can refer to operations, lead defense well, risk control first; those who do not recognize them should just be floating by; thank everyone for their support and attention;
[The article views are for reference only. Investment is risky. You must be cautious when entering the market, operate rationally, set losses strictly, control positions, risk control first, and bear the profit and loss at your own risk]
Contributor: Zheng's Dianyin
A study on the market for more than 12 hours a day, persist for ten years, and detailed technical interpretations are made public on the entire network, and serve the wholeheartedly, with sincerity, sincerity, perseverance and wholeheartedly! xmmarkets.cnments written on major financial websites! Proficient in K-line rules, channel rules, time rules, moving average rules, segmentation rules, top and bottom rules; student cooperation registration hotline - WeChat: zdf289984986
The above content is all about "[XM Forex]: Gold holds 3350, but still tends to make an upward effort to break through 3436". It is carefully xmmarkets.cnpiled and edited by the editor of XM Forex. I hope it will be helpful to your trading! Thanks for the support!
Spring, summer, autumn and winter, every season is a beautiful scenery, and it stays in my heart forever. Leave~~~
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here
CATEGORIES
News
- 【XM Market Analysis】--BTC/USD Forecast: Bitcoin Steady Near $100K
- 【XM Market Analysis】--EUR/USD Forex Signal: Reluctant to Fall After Filling Week
- 【XM Forex】--AUD/USD Forecast: Rebounds and Faces Resistance
- 【XM Forex】--EUR/USD Analysis: Will the European Central Bank Change its Policy?
- 【XM Forex】--USD/MYR Forecast: US Dollar Finds Support Against Ringgit